EWZuber
1,373 posts
msg #31464
- Ignore EWZuber |
3/19/2004 10:51:29 AM
CCUR did move higher this morning up about 8%. Selling at resistance was the only way to catch the rise as it didn't last long.
|
EWZuber
1,373 posts
msg #31465
- Ignore EWZuber |
3/19/2004 11:13:12 AM
Just spotted MWAV. Looks like it may be getting ready to move higher. It is getting oversold on Hourly chart, and selling volume has dropped dramatically and is testing the 15 HR.MA as support.
|
EWZuber
1,373 posts
msg #31466
- Ignore EWZuber |
3/19/2004 3:36:52 PM
MWAV ended up as a short daytrade with entry @ $3.55 on the break of TL Res. and closed at the break of short term TL Support @ $3.65. It later also broke support of the 15 HR.MA @ $3.60.
Right now it is testing the 25 HR.MA as support @ $3.28.
Wouldn't be surprised to see it test TL Support @ about $3.09 ( & rising ).
JMHO
|
EWZuber
1,373 posts
msg #31469
- Ignore EWZuber |
3/20/2004 5:25:46 AM
NASDAQ has been an interesting study of trendlines lately.
Starting from the high of 1/27, 2/19 & 3/5.
Lately the downtrend has been accelerating. The next trendline starts on the high of 3/5, 3/19 & 3/17 while stochastics have reached 58.
Interesting though that Fridays volume has dropped considerably.
Also the index is oversold on the hourly chart at 5 and testing the lower trendline channel that has formed over the past 3 sessions as support on that chart.
This puts the odds at a higher close on Monday.
In this time frame Resistance is at 1,960 & falling.
JMHO
|
TheRumpledOne
6,529 posts
msg #31479
- Ignore TheRumpledOne |
3/21/2004 11:53:42 PM
NASDAQ showing positive divergence on the RSI(2) daily chart... odds in favor of it going up... ANYTHING CAN HAPPEN!
|
EWZuber
1,373 posts
msg #31482
- Ignore EWZuber |
3/22/2004 3:42:08 AM
Seems we are gaining a consensus on the NASDAQ.
EAG...Closed the session Friday above a 29 day TL Resistance on the Daily chart. this is usually a very significant development and puts the odds at a move higher first thing Monday morning. Also there was a stochastic +xover on the 30 Min. chart in the last Hour.
CCUR...With the 50 HR.MA flattened out it looks more like CCUR is about ready to move higher. The 50 HR.MA. served as resistance in the final hour of Fridays session so there is a possibility that it will drop to test the 17 Month TL. Support @ $3. This would be an attempt to take out stops and an opportunity for big money to pick up a few more shares cheap. If this should occur I suspect it will be very brief and it may be a good opportunity.
NENG...Looks very interesting and I suspect it is about ready to test the 50 HR.MA as resistance at $4.31. Looks like sellers are drying up, the stock is oversold on Monthly, Weekly Daily, and Hourly chart.
5 minute chart shows the 15, 25 & 50 period MAs as resistance while overbought. Short term support in this time frame is at $4.19. There is a huge drop to retrace so i suspect there could be significant upside.
What has really interested me in this is that on Friday it barely closed above a 4 Month Resistance TL. The longer the time frame usually the greater the significants.
|
wallman
299 posts
msg #31483
- Ignore wallman |
3/22/2004 9:21:21 AM
just my opinion here but for myself i really don't concern myself with which way i think the market is heading,something i have no control over at all,rather i try to focus on the stocks i'll watch which my filters give me and trying to get good entrys and exits from these,with the dow down over 100 and nas 20 on friday my last 9 watches i posted thurs and fri were : INGN + 14.1%,ATSN .12,NOOF 2.11,CIEN 1.8,HIET 8,CRIO 4,CBTE 14.5,MRKL 4.7,MDDM 31, ...so you can see that with the right filters it is possibile to profit on bad market days,not always of course but the chances are still there,respectfully, Muddy
|
EWZuber
1,373 posts
msg #31490
- Ignore EWZuber |
3/22/2004 1:03:00 PM
Looks like .COMP is making a bearish wedge pattern on the 5 min. chart.
'V' bottoms usually do not work so I didn't enter anything this morning as NASDAQ bounced up off of the 200 DMA @ ~ 1,900.
Have been waiting for this to happen. Now there needs to be a bottoming pattern established. JMHO
|
EWZuber
1,373 posts
msg #31494
- Ignore EWZuber |
3/22/2004 5:43:42 PM
wallman
We have no control over stocks either unless one represents an institution or deals in low priced, low volume stocks.
IMO, it makes a lot more sense to trade the market trend. Its much less tricky and in the long run more profitable.
One could have randomly shorted stocks on a dart board Friday and have easily netted from 5% to 15% without a screen or much effort.
|
wallman
299 posts
msg #31496
- Ignore wallman |
3/22/2004 8:11:51 PM
Zub,if that is what works for you fine,you know i always respect your opinion,my point is that for me i have found filters that have worked over the last 3 and a half years no matter what the market conditions,of course one must be serious about it and keep a real tight watchlist which i know is tough for a lot of folks to do....example if you go back to my 3 - 15 post you will see 4 stocks on my squeeze watch that have had big runs with a HOLD OF GREEN,...ELTK,NSOL,SWKE which has doubled since then and XTCI a triple since then with a 127% gain today on one of the real nasty market days,this stock actually opened red and could have been easily caught on green hold,it closed at .25 and it hit a hod of .37 on 550k shares traded .....the only point i'm trying to make is that if you have the right filters it is possible to make good money no matter the market conditions without the hassle of trying to guess the market
|